Vacations are necessary for our well-being but often add to stress. Vacations account for 10% of the average American’s income, but 55% of Americans don’t factor vacations into their budget. This results in about 20% of a typical $3,000 vacation becoming high-interest credit card debt.
In today’s post, Will King of Ntime Capital Investment returns to dive into deeper into the common real estate investment mistakes that lead to potentially devastating consequences that include foreclosure and more.
Step two of building wealth in real estate is looking outside of your primary residence and buying investment properties, to flip or to rent. Let’s take a peek into potential value of investing in real estate. A client’s mother owns 42 homes in DC that are now paid off, still generating around $80,000 of rental income per month. That’s the kind of passive income that translates into real wealth, whether she continues to hold the properties or sells them!